XRP Whales Are Hoarding Like It’s Black Friday—Is the Crypto Miracle Coming?

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Some people collect stamps. Others collect porcelain birds. And then, apparently, you’ve got the group of folks who decided, “You know what I need in these turbulent, quasi-apocalyptic times? A heap of XRP.” In a show of optimism only rivaled by people still using AOL email addresses, more than 300,000 addresses now hoard at least 10,000 XRP each. We’re calling them whales instead of, say, anxious hoarders, because cryptocurrency likes its marine metaphors.

XRP Whale Adoption Trend Grows

It seems that from December 2024 all the way up to now, the number of addresses holding a life-changing (or dinner-ruining) stash of XRP has leapt from 281,000 to 300,000. Someone even made a Glassnode chart about it. There’s nothing like a line graph to make you feel like you’re missing out on something big…possibly financial ruin.

The whales, bless their giant digital hearts, tend to slosh their coins around in ways that are supposed to indicate “confidence.” The XRP burn rate (which, fortunately, doesn’t require any actual fire) is currently taking a nap, so all eyes are on these whales. Their job is apparently to hoard, splash, and make the rest of us question our own choices.

By the way, “CoinGape” reports—yes, imagine a site that sounds halfway between a bitcoin-themed carnival ride and a dental procedure—that the whales recently scarfed up over 200 million XRP, which *should* mean a price breakout. Instead, we’re still waiting for fireworks while the broader market just shrugs.

Will XRP Price Make a Comeback?

As of this thrilling moment, XRP is lolling about at $2.13, down a thrilling 0.6% in the last 24 hours. Over the week, it’s lost 6%. But—silver lining!—it’s still up 7% for the month, which is more than I can say about my houseplants.

Meanwhile, the crypto world holds its collective breath, which is hard to do when you already live on Twitter and caffeine. Analyst CasiTrades has issued what might be the world’s most diplomatic “meh” for XRP future performance. Hopeful, but not ready to bet the farm—unless it’s in Farmville, in which case, carry on.

CasiTrades has spotted support levels at $2.078 and $2, which have pivoted more often than a weather vane in a hurricane. Also, she says XRP’s RSI is “exhausted on lower timeframes,” which is probably what happens to anyone staring at the chart for longer than five minutes.

“It is key to notify that price may first flush to $1.9 before making a sharp recovery. This serves as a good price level to pile up long bids.”

Translation: things might get worse before they get better, but who knows, maybe this is your shot to buy the dip, sell the rip, and still have enough left for a latte. If the whales keep doing their thing, XRP could break above $2.25, $2.68, and or—if we’re being wild—some mysterious, undefined “beyond.” 🚀

Fundamental Catalysts Holding Up

rejected. No worries—Ripple bounced over to snatch up Hidden Road, a prime brokerage firm with a name that sounds like a fantasy novel about finance bros.

Meanwhile, XRP ETF futures products are apparently trading at a premium. The whale accumulation trend is spreading to derivatives, which means if you don’t understand what’s going on, you’re not alone. Overall, the long-term price breakout is still that carrot on the stick, forever dangling in front of the crypto faithful.

So, will XRP finally rocket to the moon, or is it just another serving of hope with a side of disappointment? Stay tuned, or at the very least, keep your aquatic mammal metaphors at the ready. 🐋

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2025-05-07 02:56